Sep, 30, 2025 — WESTEX COMMUNITY CREDIT UNION is a federally insured state chartered credit union headquartered in KERMIT, TX with 5 branch locations and about $217.39 million in total assets. Opened 66 years ago in 1960, WESTEX COMMUNITY CREDIT UNION has about 17,319 members and employs 51 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | WESTEX COMMUNITY CREDIT UNION |
|---|---|
| Address: (Main Office) | 200 E Austin St KERMIT, TX 79745 |
| Phone: | (432) 586-6631 |
| Fax: | (432) 586-2996 |
| Website: | https://www.wccu.net/ |
| Branches: | 5 branch locations |
| Members: | 17,319 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 67915 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1960 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $217,392,946 |
| CEO/Manager: | Kenneth Arnold |
| Chairperson: | Vonda Warren |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 21,129,010 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 34,993,801 |
| Unsecured Loans | 12,385,295 |
| Other Loans | 64,005,691 |
| TOTAL LOANS | 111,384,787 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -686,890 |
| Land And Building | 4,878,942 |
| Other Fixed Assets | 396,174 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 1,467,434 |
| All Other Assets | 0 |
| TOTAL ASSETS | 217,392,946 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 497 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 1,884,996 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 47,092,042 |
| Regular shares | 95,720,692 |
| All Other Shares & Deposits | 41,621,237 |
| TOTAL SHARES & DEPOSITS | 184,433,971 |
| TOTAL LIABILITIES | 186,319,464 |
| Regular Reserve | 0 |
| Other Reserves | 1,250,421 |
| Undivided Earnings | 29,823,061 |
| TOTAL EQUITY | 31,073,482 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 217,392,946 |
| INCOME & EXPENSE | |
| Loan Income | 5,645,036 |
| Investment Income | 2,031,909 |
| Other Income | 1,139,152 |
| Total Employee Compensation & Benefits | 3,108,362 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 2,689,277 |
| Non-operating Income & (Expense) | 306,082 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 454,268 |
| Cost of Funds | 1,270,765 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 3,635,766 |
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